Cost and Compensation Analysis from Rice Farming of the Farmers in Ban Yang, Ban Yang Sub-District, Muang District, Buriram Province

research articles

Abstract

This research work aimed to study cost and compensation and to consider cost and compensation from the rice farming of the farmers in Ban Yang, Ban Yang Sub-District, Muang District, Buriram Province. The research data were collected from 57 of Ban Yang’s farmers using an interview form as a tool. The statistics used in this work included percentages and mean. As a result, 1) the cost analysis from the rice farming of Ban Yang’s farmers found 3,592 baht a rai for the average cost, which could be classified for the raw material cost (1,013 baht/rai), labor cost (1,022 baht/rai), production cost (1,482 baht/rai), and operating expense (75 baht/rai). 2) The result of compensation analysis of the Ban Yang’s farmers revealed 6,283 baht a rai for the average income, which could be classified as the revenue from rice sales (5,299 baht/rai) and the income from the consumption (984 baht). The overview of cost and compensation analysis found that Ban Yang’s farmers obtained a total income of 5,962,507 baht, having the cost of farming (3,337,269 baht), gross profit margin (44.03%), and net profit margin (42.84%).